Primoris Services Corporation (NYSE:PRIM) Receives $132.27 Consensus Target Price from Analysts

Shares of Primoris Services Corporation (NYSE:PRIM) have been given an average recommendation of “Moderate Buy” by the seventeen research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $132.2667.

A number of equities research analysts have recently commented on the company. Weiss Ratings lowered Primoris Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Mizuho decreased their price objective on Primoris Services from $135.00 to $117.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Roth Capital reissued a “buy” rating and set a $100.00 target price on shares of Primoris Services in a research note on Monday, July 20th. Cantor Fitzgerald raised their target price on shares of Primoris Services from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $149.00 price target on shares of Primoris Services in a research note on Monday, June 15th.

Primoris Services Stock Down 0.1%

Shares of NYSE:PRIM opened at $73.02 on Friday. The company has a 50 day moving average price of $85.66 and a two-hundred day moving average price of $120.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $3.93 billion, a PE ratio of 28.64 and a beta of 1.43. Primoris Services has a 52 week low of $65.00 and a 52 week high of $205.50.

Primoris Services (NYSE:PRIM) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.08. Primoris Services had a net margin of 1.92% and a return on equity of 9.96%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm posted $1.68 earnings per share. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. Analysts forecast that Primoris Services will post 1.76 earnings per share for the current year.

Primoris Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 30th. Primoris Services’s payout ratio is currently 12.55%.

Hedge Funds Weigh In On Primoris Services

A number of large investors have recently added to or reduced their stakes in PRIM. New York State Teachers Retirement System grew its position in shares of Primoris Services by 327.8% during the 4th quarter. New York State Teachers Retirement System now owns 20,892 shares of the company’s stock worth $2,594,000 after purchasing an additional 16,008 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Primoris Services by 509.6% in the fourth quarter. Principal Financial Group Inc. now owns 336,713 shares of the company’s stock valued at $41,800,000 after buying an additional 281,482 shares during the period. UBS Group AG grew its position in Primoris Services by 2.4% during the fourth quarter. UBS Group AG now owns 638,876 shares of the company’s stock worth $79,310,000 after buying an additional 15,112 shares in the last quarter. Total Wealth Planning & Management Inc. acquired a new stake in Primoris Services during the fourth quarter worth approximately $1,116,000. Finally, Bank of America Corp DE increased its stake in Primoris Services by 4.4% during the 1st quarter. Bank of America Corp DE now owns 324,887 shares of the company’s stock worth $46,472,000 after acquiring an additional 13,617 shares during the period. Institutional investors own 91.82% of the company’s stock.

Key Headlines Impacting Primoris Services

Here are the key news stories impacting Primoris Services this week:

• Positive Sentiment: Brokerages maintain an overall “Moderate Buy” rating for Primoris, suggesting analysts remain broadly constructive despite the recent legal overhang. Primoris Services Corporation Receives Average Recommendation of Moderate Buy from Brokerages
• Neutral Sentiment: Multiple law firms reminded investors that September 21, 2026, is the deadline to seek appointment as lead plaintiff in a securities class action covering purchases of PRIM shares from August 5, 2025, through June 22, 2026. These announcements primarily solicit potential plaintiffs and do not establish liability. Kaplan Fox Securities Class Action Deadline Notice
• Negative Sentiment: The litigation-related notices allege that Primoris and certain executives made misleading statements or failed to disclose problems involving six renewable-energy projects, including cost overruns and delays. If the case advances, potential financial costs, reputational damage and increased scrutiny could weigh on investor sentiment. SueWallSt Primoris Class Action Notice
• Negative Sentiment: The unusually high number of competing law-firm announcements from August 27–28 keeps the lawsuit in the news and may amplify concerns about Primoris’ project execution, earnings visibility and possible legal exposure. Bragar Eagel and Squire Primoris Investor Notice

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.